Some local hospital executives are earning more than a million dollars a year. Business First analyzed tax filings for nearly 200 employees in the healthcare system. Researchers say the area's top hospital administrators took home more than $53 million in compensation during 2010. James Kaskie, head of Kaleida, tops the list with a salary topping $2.3 million. He's followed by two other Kaleida employees, Margaret Parosky and Connie Vari, those figures include deferred retirement plan payouts. Joseph McDonald, head of Catholic Health, ranks fourth with a salary of nearly $1.1 million. You can get the full list in this week's Business First or at http://www.bizjournals.com/buffalo/news/2012/01/23/four-hospital-execs-earn-more-than-1.html
Eastman Kodak Company filed for Chapter 11 bankruptcy protection last week. Company officials say it's business as usual and they hope to emerge from bankruptcy next year. Garry Graber is the head of the bankruptcy practice at the law firm Hodgson Russ LLP. He says many big companies emerge from Chapter 11 successfully. "Most of the airline industry has been through bankruptcy. Much of the steel industry and certainly the auto industry is a good example with recent Chapter 11 proceedings with GM and Chrysler," Graber said. "Western New York has also seen some very successful bankruptcies, Bush Industries being one and, of course, the Buffalo Sabres and most recently the Statler building." Graber says Kodak's 19,000 employees will likely be impacted by the restructuring.